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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Gary Wisdom who wrote (30233)10/17/1999 12:44:00 PM
From: Lola  Read Replies (2) | Respond to of 99985
 
Funny story . . . I would be willing to bet though that there will be less women throwing themselves out the window than men because of their recent losses in the market. Some might consider women losers for the way these women behaved and I'm not sure that I would behave that way. However, if it keeps them from doing what many of their male counterparts will be doing because of all the losses they have suffered I say let them bitch all they want to. At least these women will still be alive when this mess is over. That little boy will still have a mother who takes him out for ice cream.

Lola:)



To: Gary Wisdom who wrote (30233)10/17/1999 2:17:00 PM
From: LTK007  Respond to of 99985
 
This reveals the women had a great deal more common sense then the men on wall street---as the newspapers were all mumbling about this was just some profit taking and that the rally towards the the end of day(10/29/29) was a strong indications that an oversold situation was about to correct and a rally to soon commence--the women were making a perfect call:) the men were to get their head delivered to them on a platter.Max



To: Gary Wisdom who wrote (30233)10/17/1999 3:45:00 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 99985
 
Gary: great article!

re: "They (the men) made calculations, they appeared worried, but they said very little." They were busy figuring out how they could buy the dip (using margin money, of course), and make up their losses quickly.

There is some very robust data on gender differences in investor psychology:

1. There is a systematic error in investor decision-making: we are overconfident. That is, we think we can predict the future with greater precision than is possible.

2. Women are less self-confident than men. Therefore,

3. Women make fewer errors due to overconfidence than men. And,

4. Women are better long-term investors than men.

The market did not regain its 1929 highs until 1954, I think. Getting out at the bottom in 1929 incurred huge losses. But buying the dips after the first major decline in 1929 was an even worse strategy.